Kindly be informed that the Ordinary General Assembly Meeting for Mazaya Real Estate Development was held on Thursday, March 06, 2025, at 9:30 pm Via Zoom cloud meetings. and discussed & approved the below agenda:
Item 1: Hearing the Board of Directors’ report and the Chairman’s speech on the company’s activities and financial position for the fiscal year ending December 31, 2024, as well as the future plan.
Item 2: Hearing the report of the Sharia Supervisory Board.
Item 3: Hearing and approving the auditors’ report for the year ending December 31, 2024.
Item 4: Discussing and approving the company’s balance sheet and profit and loss account for the fiscal year ending December 31, 2024.
Item 5: Approving and endorsing the Corporate Governance Report for the year ending December 31, 2024.
Item 6: Approving the Board of Directors’ recommendation not to distribute cash dividends to shareholders for the fiscal year ending December 31, 2024.
Item 7: Discharging the Board of Directors from liability for the fiscal year ending December 31, 2024, and determining a fixed amount for them.
Item 8: Appointing the auditors for the financial year 2025 and determining their fees.
Item 9: Authorizing the Board of Directors to handle fractional shares resulting from capital reduction.
Item 10: Approving the amendment of the Related Parties Policy.
(Note: Clause Seven: The Board recommended not to distribute any remuneration to the Board Members, and this was duly approved by the General Assembly.)
Accordingly, all the Ordinary General Assembly meeting items mentioned above have been approved.
Sincerely,
